Merger Arbitrage Mondays – April 29, 2019
Merger activity decreased last week with three new deals announced and one pending deal closing. You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
There were three new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of The KeyW Holding Corporation (KEYW) by Jacobs Engineering Group (JEC) for $815 million or $11.25 per share in cash.
- The acquisition of Entegra Financial (ENFC) by First Citizens BancShares (FCNCA) for $219.8 million or $30.18 per share in cash.
- The acquisition of Aratana Therapeutics (PETX) by Elanco Animal Health Incorporated (ELAN) for $245 million in an all stock deal. Under the terms of the agreement, upon the closing of the transaction, Aratana stockholders will receive 0.1481 share of Elanco common stock and one contingent value right (CVR) for each share of Aratana common stock. The CVR of $0.25 in cash per Aratana share shall be granted to Aratana stockholders as of the closing date and paid if capromorelin achieves certain sales levels on or before the end of 2021.
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